Thonburi Medical (Thailand) Volatility
| KDH Stock | THB 94.00 3.00 3.30% |
Thonburi Medical Centre owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0117, which indicates the firm had a -0.0117% return per unit of risk over the last 3 months. Thonburi Medical Centre exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thonburi Medical's Coefficient Of Variation of 4798.5, risk adjusted performance of 0.0172, and Semi Deviation of 0.8906 to confirm the risk estimate we provide. Key indicators related to Thonburi Medical's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Thonburi Medical Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Thonburi daily returns, and it is calculated using variance and standard deviation. We also use Thonburi's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Thonburi Medical volatility.
Thonburi |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Thonburi Medical can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Thonburi Medical at lower prices. For example, an investor can purchase Thonburi stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Thonburi Medical's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.
Thonburi Medical Market Sensitivity And Downside Risk
Thonburi Medical's beta coefficient measures the volatility of Thonburi stock compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Thonburi stock's returns against your selected market. In other words, Thonburi Medical's beta of -0.23 provides an investor with an approximation of how much risk Thonburi Medical stock can potentially add to one of your existing portfolios. Thonburi Medical Centre has relatively low volatility with skewness of -0.32 and kurtosis of 9.56. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Thonburi Medical's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Thonburi Medical's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Thonburi Medical Centre Demand TrendCheck current 90 days Thonburi Medical correlation with market (NYSE Composite)Thonburi Beta |
Thonburi standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 1.07 |
It is essential to understand the difference between upside risk (as represented by Thonburi Medical's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Thonburi Medical's daily returns or price. Since the actual investment returns on holding a position in thonburi stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Thonburi Medical.
Thonburi Medical Centre Stock Volatility Analysis
Volatility refers to the frequency at which Thonburi Medical stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Thonburi Medical's price changes. Investors will then calculate the volatility of Thonburi Medical's stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Thonburi Medical's volatility:
Historical Volatility
This type of stock volatility measures Thonburi Medical's fluctuations based on previous trends. It's commonly used to predict Thonburi Medical's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Thonburi Medical's current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Thonburi Medical's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Thonburi Medical Centre Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Thonburi Medical Projected Return Density Against Market
Assuming the 90 days trading horizon Thonburi Medical Centre has a beta of -0.2302 . This indicates as returns on the benchmark increase, returns on holding Thonburi Medical are expected to decrease at a much lower rate. During a bear market, however, Thonburi Medical Centre is likely to outperform the market.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Thonburi Medical or Health Care Providers & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Thonburi Medical's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Thonburi stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Thonburi Medical Centre has an alpha of 0.0232, implying that it can generate a 0.0232 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Thonburi Medical Price Volatility?
Several factors can influence a stock's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Thonburi Medical Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Thonburi Medical is -8552.05. The daily returns are distributed with a variance of 1.14 and standard deviation of 1.07. The mean deviation of Thonburi Medical Centre is currently at 0.55. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.64
α | Alpha over NYSE Composite | 0.02 | |
β | Beta against NYSE Composite | -0.23 | |
σ | Overall volatility | 1.07 | |
Ir | Information ratio | -0.04 |
Thonburi Medical Stock Return Volatility
Thonburi Medical historical daily return volatility represents how much of Thonburi Medical stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company assumes 1.0697% volatility of returns over the 90 days investment horizon. By contrast, NYSE Composite accepts 0.6263% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Thonburi Medical Volatility
Volatility is a rate at which the price of Thonburi Medical or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Thonburi Medical may increase or decrease. In other words, similar to Thonburi's beta indicator, it measures the risk of Thonburi Medical and helps estimate the fluctuations that may happen in a short period of time. So if prices of Thonburi Medical fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.Thonburi Medical Centre Public Company Limited engages in the hospital business in Thailand. Thonburi Medical Centre Public Company Limited is a subsidiary of Bangkok Dusit Medical Services Public Company Limited. Thonburi Medical is traded on Stock Exchange of Thailand in Thailand.
Thonburi Medical's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Thonburi Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Thonburi Medical's price varies over time.
3 ways to utilize Thonburi Medical's volatility to invest better
Higher Thonburi Medical's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Thonburi Medical Centre stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Thonburi Medical Centre stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Thonburi Medical Centre investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Thonburi Medical's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Thonburi Medical's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Thonburi Medical Investment Opportunity
Thonburi Medical Centre has a volatility of 1.07 and is 1.7 times more volatile than NYSE Composite. 9 percent of all equities and portfolios are less risky than Thonburi Medical. You can use Thonburi Medical Centre to enhance the returns of your portfolios. The stock experiences an unexpected upward trend. Watch out for market signals. Check odds of Thonburi Medical to be traded at 112.8 in 90 days.Good diversification
The correlation between Thonburi Medical Centre and NYA is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thonburi Medical Centre and NYA in the same portfolio, assuming nothing else is changed.
Thonburi Medical Additional Risk Indicators
The analysis of Thonburi Medical's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Thonburi Medical's investment and either accepting that risk or mitigating it. Along with some common measures of Thonburi Medical stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.0172 | |||
| Market Risk Adjusted Performance | (0.04) | |||
| Mean Deviation | 0.5368 | |||
| Semi Deviation | 0.8906 | |||
| Downside Deviation | 1.68 | |||
| Coefficient Of Variation | 4798.5 | |||
| Standard Deviation | 1.05 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Thonburi Medical Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Thonburi Medical as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Thonburi Medical's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Thonburi Medical's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Thonburi Medical Centre.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Thonburi Medical Centre. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Thonburi Medical Centre information on this page should be used as a complementary analysis to other Thonburi Medical's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Thonburi Stock analysis
When running Thonburi Medical's price analysis, check to measure Thonburi Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thonburi Medical is operating at the current time. Most of Thonburi Medical's value examination focuses on studying past and present price action to predict the probability of Thonburi Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thonburi Medical's price. Additionally, you may evaluate how the addition of Thonburi Medical to your portfolios can decrease your overall portfolio volatility.
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Commodity Directory Find actively traded commodities issued by global exchanges |